Motive Wealth Advisors Has $427,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Motive Wealth Advisors boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 466 shares of the retailer’s stock after purchasing an additional 56 shares during the quarter. Motive Wealth Advisors’ holdings in Costco Wholesale were worth $427,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $58,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Truist Financial upped their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, Loop Capital upped their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Down 0.3 %

Shares of NASDAQ COST opened at $939.68 on Friday. The stock has a market cap of $417.12 billion, a P/E ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. The firm has a 50 day moving average price of $950.92 and a 200 day moving average price of $903.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.